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Blue Owl Capital Launches U.S. Direct Lending Capabilities to Canadian Investors

January 07, 2022, 08:07 AM
Filed Under: Industry News

Blue Owl Capital, a leading alternative asset manager, will bring its institutional quality middle-market lending capabilities to Canadian accredited investors. The initiative positions Blue Owl as one of the first U.S.-based private credit managers to offer direct lending capabilities to onshore Canadian investors.

Canadian investors will have access to the institutional share class of Owl Rock Core Income Corp ("ORCIC"), a business development company managed by Owl Rock, a division of Blue Owl. ORCIC has over $2.7 billion in assets across 92 portfolio companies as of November 30, 2021, and focuses on originating loans to, and making debt investments in, U.S. middle market companies. The fund offers high-net worth and institutional investors access to Owl Rock's leading institutional quality management and targets the upper-end of middle market firms, with annual revenues between $50 million and $2.5 billion. Owl Rock is one of the world's largest middle-market lenders, with $34.6 billion in assets under management and approximately $43.6 billion of originated investments since its inception.

Doug Ostrover, CEO and Co-Founder of Blue Owl said, "We are extremely excited to bring our direct lending solutions to a new market and offer Canadian investors access to one of the most attractive segments of private markets. In the current market environment, where yields are low and returns are difficult to find, our strategy can offer value for investors looking to generate income."

ORCIC offers attractive current income and periodic liquidity to investors, and a Canadian access fund for ORCIC will be made available to Canadian investors, including registered retirement savings accounts, through Canadian registered dealers.

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